Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Short Interest Up 68.6% in May

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 37,224 shares, a growth of 68.6% from the May 14th total of 22,075 shares. Based on an average daily volume of 64,290 shares, the short-interest ratio is currently 0.6 days.

Columbia Seligman Premium Technology Growth Fund Stock Up 3.7%

STK stock traded up $1.91 during midday trading on Monday, reaching $53.88. The company had a trading volume of 53,379 shares, compared to its average volume of 57,710. Columbia Seligman Premium Technology Growth Fund has a 1-year low of $28.91 and a 1-year high of $58.46. The stock has a 50 day moving average price of $49.00 and a 200-day moving average price of $42.25.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were given a $0.4625 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.85 annualized dividend and a dividend yield of 3.4%.

Institutional Trading of Columbia Seligman Premium Technology Growth Fund

Large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 41.2% in the 4th quarter. Wolverine Asset Management LLC now owns 75,588 shares of the company’s stock valued at $2,781,000 after purchasing an additional 22,047 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Columbia Seligman Premium Technology Growth Fund by 5.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 10,154 shares of the company’s stock worth $374,000 after buying an additional 501 shares during the last quarter. NBC Securities Inc. lifted its position in shares of Columbia Seligman Premium Technology Growth Fund by 43.5% during the 4th quarter. NBC Securities Inc. now owns 6,650 shares of the company’s stock worth $245,000 after buying an additional 2,016 shares during the last quarter. PMG Family Office LLC boosted its stake in Columbia Seligman Premium Technology Growth Fund by 1.7% in the fourth quarter. PMG Family Office LLC now owns 76,592 shares of the company’s stock valued at $2,818,000 after buying an additional 1,311 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Columbia Seligman Premium Technology Growth Fund by 15.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,624 shares of the company’s stock valued at $370,000 after acquiring an additional 1,319 shares during the last quarter.

Columbia Seligman Premium Technology Growth Fund Company Profile

The Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a diversified, closed-end management investment company launched in 1995. Co-managed by Columbia Management Investment Advisers, LLC and Seligman Fund Advisers, the fund seeks long-term capital growth by investing primarily in common stocks of U.S. technology and technology-enabled companies. Its portfolio typically spans sub-sectors such as software, semiconductors, hardware, communications and internet services, with an emphasis on firms exhibiting strong revenue growth and innovative product development.

In addition to equity investments, the fund employs a covered-call option overlay strategy designed to generate premium income, enhance monthly distributions and potentially reduce portfolio volatility.